According to Relativity CEO Mike Gamson, “It’s imperative that the legal and compliance industries stay ahead of and evolve with the changing nature of work in organizations globally. Enterprise communications will continue to shift rapidly and scale from traditional channels like email toward chat and collaboration platforms. That’s why Relativity is committed to investing in technology that connects directly to native cloud data sources for surveillance and e-discovery workflows, evolving the data paradigm from documents to include conversations.”
From Nuix and DISCO to Exterro and AccessData, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from October 1, 2020, through December 31, 2020. During 4Q20 there were at least eight M&A+I events, a pulse rate that exceeded the pre-COVID investment pulse rate of seven events during the same time frame in 2019.
According to DISCO CEO Kiwi Camara, “Legaltech is booming now, and the industry’s real growth has only just begun. Over the next five to 10 years, legaltech will emerge as the next high-growth category of enterprise software. We are delighted to see investors acknowledge DISCO’s position as the category creator and category leader for legaltech. Legal departments and law firms are embracing the power of artificial intelligence to automate away the parts of the practice of law that don’t require human legal judgment, freeing great lawyers to do the work that only they can do.”
According to Nuix, it is a leading provider of investigative analytics and intelligence software with a vision of “finding truth in a digital world”. Nuix’s stated mission is to create innovative software that empowers organizations to simply and quickly find the truth from any data in a digital world. Having been used globally in high-profile investigations including the highly-publicized Panama Papers headline event, Nuix now is finding its own truth as a publicly-traded company on the Australian Securities Exchange.
From HaystackID and NightOwl Global to Reveal Data and NexLP, the following findings, data points, and tracking charts highlight information that may be useful for understanding M&A+I activity patterns in the eDiscovery ecosystem from July 1, 2020, through September 30, 2020. During 3Q20 there were at least fourteen M&A+I events, a pulse rate that exceeds the pre-COVID investment pulse rate of eleven events during the same time frame in 2019.
“Integro and Innovative Discovery’s services and solutions are highly complementary. Our respective customers will be able to take advantage of greatly expanded skillsets and service offerings now that two of the most respected companies in the industry have joined forces,” noted Scott Burt, CEO of Integro, in today’s press announcement.
According to the press announcement, industry analysts have enthusiastically supported this investment and confirmed the value this will bring to the eDiscovery industry. Ryan O’Leary, Esq., Senior Research Analyst at IDC, shared, “Despite the COVID-19 pandemic, the eDiscovery software market has proved to be crucial to business resiliency and has maintained investment. The investment in Venio comes at an opportune time as corporations look to improve their ECA and processing capabilities to drive savings further down the EDRM.”
According to Janders Dean founder Justin North, “Now more than ever, the legal industry is reimagining the way it works, from evaluating working practices to assessing cost models. There is a huge appetite to move beyond hype and towards implementing major transformation programmes that deliver measurable value. By joining forces with Morae, we can help drive meaningful improvement and lasting change for our clients.”
From UnitedLex to Onna, ComplexDiscovery findings, data points, and tracking information from April 1, 2020, to June 30, 2020, may be useful for understanding merger, acquisition, and investment activity patterns in the eDiscovery ecosystem during the historically unique and COVID-constrained second calendar quarter of 2020.
According to the announcement, with the inclusion of enterprise and vendor risk management capabilities from the acquisition of CMPG, Mitratech now provides a comprehensive set of risk and compliance management tools that marry top-down visibility and oversight with the ability to enforce regulatory and corporate compliance throughout their business and its vendor ecosystem.